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How Art Lovers Squeeze Money From Their Collections

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Nearly two years ago at Sotheby’s, auctioneer Helena Newman brought the hammer down when Amedeo Modigliani’s Nu couché (sur le côté gauche), 1917, inched up to US$139 million from a US$125 million opening, after barely a stir of activity in the New York salesroom. The US$157.2 million total achieved, with…

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